So...
I understand your points, but they are not true most of the time.

....when a card company (a card that has a small limit for emergencies, and has hardly ever been used), sends you a letter telling you that your limit is being raised by nearly 600%, and all you have to do if you don't want it raised is to phone them, firstly ignores the instruction on the phone, then two letters to the same effect and just raises it anyway - they're NOT throwing it at you?

What of time(x2) when firstly after having infomed the bank that I will be in the US for two weeks, then cancel the card due to 'unusual activity' in a foreign country? Or the time when they did the exact same thing in France, 3 days after being informed that I will be in France for a week?

After selling my house I had a very large amount of money that needed somewhere for a home - I looked at the Icelandic banks as the return looked good - strangly, after researching it for, oh, 10 minutes, I realised that it wasn't that good a bet - there was no substance to any of them; so I kept my dosh in a safe at home instead.

How is it that I could see that coming, and yet people who supposedly know money could not?
(dchurch bah, Sun 19 Jul 2009, 9:14, 1 reply)

You sir, are a fool.
Mr(?)Church

I have insufficiency of data - and wouldn't even pretend to go looking - for the specific examples that you allege, but:

1. 600% credit limit increases - I agree, that's downright ridiculous unless there was a reason that the limit was artificially low initially. Who the hell told you to *spend* it? Anyway; if your conspiracy theory is to have credence you seem to be suggesting banks want defaults so that we can bitch and moan about feckless, untrustworthy borrowers?

2. Failure on fraud detection - no idea, although I'm assuming that you've no idea what a neural network is or the maths behind it. It has to be said however that if you *did* ring them and told them you'd be away between dates x and y in country Z it wasn't recorded properly by non-machine code interface.

3. Your spare equity that wasn't planted in Iceland. Good for you. I'm assuming that the numbers involved weren't measureable in tens of millions? The kinds of numbers we are entrusted with rely on ratings agencies - if you want to have a bitch and stitch session about the fecklessness of bankers, go talk to your MP about them.

I am not suggesting that those who work in banking haven't monumentally fucked up on occasion but if consumers are going to suggest that their actions in defaulting (note: not typically a passive activity in my experience of the data) are the blame of the banks - well, I'm sorry, but you're living in cloud-fucking-cuckoo land.
(MrHappy, Sun 19 Jul 2009, 12:56, closed)